"China is where we are putting most of our money out of the BRICs,” Peter Schiff, president and chief global strategist for Darien, Connecticut-based Euro Pacific Capital, whose clients have more than $2 billion in assets, said in a telephone interview. “Valuations are certainly better there. That is where the growth and profits are going to be.”
Schiff, who predicted the U.S. recession in 2006, said he is recommending “domestic-demand plays” such as Dah Chong Hong Holdings Ltd., which owns car dealerships and food and consumer products outlets, and Xtep International Holdings Ltd., a sporting goods retailer. Both companies trade in Hong Kong."
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.